Mission.org
Published in

Mission.org

A New Breed of GOATL Serial Entrepreneur

Being the greatest of all time is all about competing. But what if winning at business is really about a higher calling of serving the world and reducing human suffering? If that’s the case, what does this new breed of GOAT entrepreneur look like? Serial entrepreneur Scott Donnell gives us a window inside the mind of this new kind of entrepreneurial GOAT.

Photo by Austin Distel on Unsplash

Some serial entrepreneurs like Sir Richard Branson or Elon Musk captivate the collective imagination and rise to achieve celebrity status. What’s that about?

As a society, we’re fascinated by those who are able to constantly build businesses or products yet the well never seems to dry up — somehow these entrepreneurs just keep on creating. Certainly, these sorts of people have ambition, intelligence, and charisma. But what cauldron of experience and beliefs drives an entrepreneur who wants to be the greatest of all time?

Scott Donnell is a serial entrepreneur with many businesses and projects. Currently, his ventures range from Hapbee, which creates and sells a device that can help uplevel a person’s moods; to Baby Stack, an app that helps educate kids on finances; to HeroMaker Studios, a decentralized comic’s universe. And just recently, Scott sold off Apex Education, a company that helps kids with their fitness. But simply selling his companies isn’t the goal. No, Scott’s ambitions go far beyond an impressive exit.

“I want to be the GOAT,” Donnell said. “I want to be the best entrepreneur, but also the best husband and father.”

Donnell is aiming to become a new breed of GOAT — a well-rounded GOAT who wins in business but is equally successful in terms of faith and health and family. He comes from a family that has entrepreneurship in their blood, but initially, Donnell had a different vision for himself. From an initial passion and goal of being a minister, a trusted mentor helped him to realize there could be a different path for him to serve others through entrepreneurship.

“I have two simple goals, serve a billion people a year to reduce their suffering and then give away a billion dollars in a way that actually does the same thing to help people,” Donnell said.

Service was the connection between the businesses that he founded and co-founded. But with so many ball in the air, even food the GOAT, it’s difficult to maintain focus and passion for everything. But how did he stick to this path of service through business development and not burn out?

“I was wearing 10 hats, I was doing everything,” Donnell said. “I was so perfectionist about every little detail that my hair was on fire, and I was burning out and it was terrible, man. And so, I was literally about to drop the business like a couple million bucks and just get out and be like I’m done. I’m going to go to a cave in Africa or something.”

A good friend’s intervention and guidance ended up being Scott’s saving grace. He found strategic coach Dan Sullivan, who taught him the power of letting go.

“I have to be very, very careful that these businesses don’t own me,” Donnell said. “They are a tool for me to have the freedom of time and freedom of money, freedom of relationship and freedom of purpose. Those four freedoms that strategic coach talks about, they are my tool. I own them. And I want to make sure that they’re helping me reach what actual success means.”

To find out how Donnell realized that his businesses did not own him, how he learned to step back and how he is trying to reach his vision of a holistic goat hanging out high on the mountain… tune into Business X factors.

Business X factors is produced by Mission.org and brought to you by Hyland.

For over a decade, Hyland has been named a Leader in the Gartner Magic Quadrant for Content Services Platforms, leading the way to help people get the information they need when and where they need it. More than half of 2019 Fortune 100 companies rely on Hyland to help them create more meaningful connections with the people they serve. When your focus is on the people you serve, Hyland stands behind you. Hyland is your X factor for better performance. Go to Hyland.com/insights to learn more.

--

--

--

A network of business & tech podcasts designed to accelerate learning.

Recommended from Medium

Why You Need to Build an MVP App (and 5 tips on how to do it)

#Entrepreneur Challenge

Everything You Should Know About How to Structure a Startup’s Fundraising Pitch

A First-Principles Approach to Growth

Rejected By Silicon Valley — What It Means

Why University Students Should Run a Startup?

Build and deliver: A peek into how Engineering built the Bloc API Suite

6 Strategies for a Successful Product Launch 🚀

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Mission

Mission

Stories & podcasts that make smart people smarter: www.Mission.org. The Mission Daily: www.apple.co/2KMXjhQ. The Story podcast: www.apple.co/2HEcveQ.

More from Medium

How to start a company:

Closing the DDA Product Store and The Cost of Holding onto Things

I Turned Down a $10M Offer to Buy my Business

Creativity vs. Productivity: The battle of the Serial Entrepreneur